FTX Token/USD Coin Metrics
FTX diverted $200 million of customer revenue for two undertaking discounts that caught the SEC’s consideration
FTX founder Sam Bankman-Fried leaves next his arraignment in New York Metropolis on December 22, 2022. Ed Jones | AFP | Getty Illustrations or photos Of the billions of pounds in customer deposits that disappeared from FTX in a flash, $200 million was used to fund investments in two corporations, according to the Securities and […]
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Bitcoin shed about 60% of its benefit in 2022—here’s how substantially 6 other well-liked cryptocurrencies lost
It can be been a brutal calendar year for the cryptocurrency marketplace. In the most up-to-date blow to the crypto area, Core Scientific, a person of the most significant publicly traded crypto mining organizations in the U.S, which primarily mints bitcoin, submitted for personal bankruptcy on Dec. 21, citing slipping crypto rates and soaring strength […]
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FTX’s Gary Wang, Alameda’s Caroline Ellison plead guilty to federal fees, cooperating with prosecutors
Key Factors FTX co-founder Gary Wang and former Alameda Exploration co-CEO Caroline Ellison the two pleaded responsible to federal costs in the Southern District of New York. At the same time, the two the Commodity Futures Buying and selling Fee and Securities and Exchange Fee launched civil problems from them. Ellison, 28, and Wang, 29, […]
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Binance.US to acquire bankrupt crypto exchange Voyager’s belongings for $1 billion, months right after prepared FTX deal failed
Voyager said it has approximately $1.3 billion of crypto on its system and retains over $350 million in income on behalf of shoppers at New York’s Metropolitan Professional Bank. Justin Sullivan | Getty Pictures Binance.US will get the crypto property and purchaser deposits of Voyager Electronic in a $1.02 billion offer, months soon after a […]
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Binance CEO Zhao brushes off $2.1 billion FTX clawback worries
Critical Details Binance CEO Changpeng Zhao dismissed concerns over no matter whether Binance could manage a prospective $2.1 billion clawback of proceeds from an FTX divestment on an look with CNBC’s Squawk Box. Zhao was an early investor in FTX and in disgraced founder Sam Bankman-Fried, but their romance experienced chilled as FTX obtained marketplace […]
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Asia’s year in review: Who had it good — and who had it bad — in 2022
Police officers step into the vandalized gateway to Sri Lanka’s presidential palace in July. The country has been hit hard by an economic crisis. Abhishek Chinnappa | Getty Images News | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose B. […]
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New FTX CEO is having paid $1,300 an hour, and customers will foot the invoice
John J. Ray, main govt officer of FTX Cryptocurrency Derivatives Exchange, arrives to a Residence Money Expert services Committee listening to investigating the collapse of FTX in Washington, DC, on Tuesday, Dec. 13, 2022. Al Drago | Bloomberg | Getty Images FTX CEO John J. Ray is leaning on a workforce that he is developed […]
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Harvard-educated deception skilled: 4 pink flags can display when folks like Sam Bankman-Fried are lying
Elizabeth Holmes is headed to prison. Now, with Sam Bankman-Fried arrested on Monday by Bahamian authorities, the entire world is pondering if the FTX founder will adhere to in Holmes’ footsteps as the following disgraced startup founder to conclude up powering bars. These fallen founders, and many others like them — from WeWork’s Adam Neumann […]
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Congress considers crypto buyer safety monthly bill that Sam Bankman-Fried backed just before FTX collapse
Senator Debbie Stabenow (D-MI) speaks at a news convention at the U.S. Capitol in Washington, DC, March 16, 2021. Kevin Dietsch | Pool via Reuters The shocking collapse of cryptocurrency trade FTX has improved the urgency in Congress to fully grasp what went improper and pass laws to attempt to protect against yet another debacle […]
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Bahamas attorneys file unexpected emergency motion in FTX scenario for access to databases with shopper info
John Ray, chief govt officer of FTX Cryptocurrency Derivatives Trade, arrives at personal bankruptcy court docket in Wilmington, Delaware, US, on Tuesday, Nov. 22, 2022. Eric Lee | Bloomberg | Getty Photographs Lawyers in the Bahamas submitted an unexpected emergency movement on Friday inquiring a Delaware personal bankruptcy choose to compel U.S. leaders of failed […]
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